Project Management Fees
Thread poster: Cinzia Craighero

Cinzia Craighero  Identity Verified
United Kingdom
Local time: 11:37
Member (2011)
English to Italian
+ ...
Jul 6, 2011

Hi there,
I have been asked to project manage the localisation of a software. The translators would invoice the company directly and I would also invoice the company an hourly fee for my project management. I am not sure what rate to charge? Any suggestions?
I have been thinking about 25£ an hour, does it sound reasonable?
Thanks!


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Vikas Chaturvedi
Local time: 16:07
Urdu to English
+ ...
Depend on your efforts.. Jul 6, 2011

in my point of view you must review how much efforts, time invested by you on this project accordingly you should charge.

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Nicole Schnell  Identity Verified
United States
Local time: 03:37
English to German
+ ...
What does your project management include? Jul 6, 2011

- You hire a proofreader / editor (you have to calculate their man hours/rates separately, plus the hours it took you for project management. which includes sending emails back and forth, bookkeeping, the entire communication, and such)
- You take care of the editing yourself - you may want to charge per word or per hour
- You start to maintain a full-fledged terminology management for your client, and you provide hard disk / server space.

Once you can answer those questions, you can do the math.



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Susan van den Ende  Identity Verified
Germany
Local time: 12:37
English to Dutch
+ ...
Also depends on expertise and project size Jul 6, 2011

Filing and forwarding is usually charged quite differently from setting up project-specific filters for a CAT-tool and tackling engineering in different languages, for instance. The budget you'll be managing may also make a difference.

Good luck!


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Sergei Tumanov  Identity Verified
Local time: 13:37
English to Russian
+ ...
see below Jul 6, 2011

... Any suggestions?
I have been thinking about 25£ an hour, does it sound reasonable?
Thanks!


I would charge 175 gbp per hour


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Cinzia Craighero  Identity Verified
United Kingdom
Local time: 11:37
Member (2011)
English to Italian
+ ...
TOPIC STARTER
Thanks Jul 6, 2011

Thanks everyone! Sergei do you mean £17.5?

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Nicole Schnell  Identity Verified
United States
Local time: 03:37
English to German
+ ...
Oh, good grief. Jul 6, 2011

cinziute wrote:

Thanks everyone! Sergei do you mean £17.5?



Please listen to Susan van den Ende. She knows what she is talking about.


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Williamson  Identity Verified
United Kingdom
Local time: 11:37
Flemish to English
+ ...
Professional rates. Jul 6, 2011

cinziute wrote:

Thanks everyone! Sergei do you mean £17.5?



Why are you so shy to ask a decent/professional rate?
Do you love to work for peanuts.

My brother is an electrician, who asks €30 euros per hour.
I know a programmer who aksk 53.12 euros per hour.

My notary's employee printed out one paper. It took her one minute to type it and one minute to write it: rate: £110/125 euros.

If you have to pay Italian taxes on those £17.5, I would charge double.
Otherwise ,at the end of the fiscal year, you stand to loose money.



[Edited at 2011-07-06 13:52 GMT]


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Cinzia Craighero  Identity Verified
United Kingdom
Local time: 11:37
Member (2011)
English to Italian
+ ...
TOPIC STARTER
Some more details Jul 6, 2011

It would just be a matter of finding the translators, liasing with them and making sure everything runs smoothly. No CAT-tools involved or editing. The translators would translate directly into a translation tool provided by the company.

I would really need some help to identify a fair rate, do you have any suggestions?

I do have experience in project managing, over 2 years, but I have never done it as freelance, hence my question.


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Cinzia Craighero  Identity Verified
United Kingdom
Local time: 11:37
Member (2011)
English to Italian
+ ...
TOPIC STARTER
To Williamson Jul 6, 2011

I actually live in the UK. I did some research and it seems that the standard rate for translations is £25/30 per hour (in my languages at least). So I was wondering what the standard is for project managing. I didn't suggest £17.5. Noone has actually told me a rate yet, any suggestions?

[Edited at 2011-07-06 15:00 GMT]


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Susan van den Ende  Identity Verified
Germany
Local time: 12:37
English to Dutch
+ ...
"Just" finding translators... Jul 6, 2011

... who are willing to work outside of their comfort zone in a proprietary tool?

The really good ones whom you can trust to do a good job will rarely accept that kind of work, especially if it comes from an unknown PM. So, there's no "just" about it. Don't underestimate recruitment.

So, either you charge a lot because you've got the skills to bring good people in anyway, or you charge a lot because the results delivered by less talented translators will backfire on your reputation and/or make it a very difficult job (as a PM, YOU deal with any complaints and are responsable for the quality you deliver in the end).

As for rates: don't look at hours spent by default, but consider billing for value delivered. If 3 hours of your work save the client 5,000 EUR, don't you think Sergei's rate is a total bargain?


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Cinzia Craighero  Identity Verified
United Kingdom
Local time: 11:37
Member (2011)
English to Italian
+ ...
TOPIC STARTER
'Just'ification... Jul 7, 2011

My 'just' didn't imply that I underestimate recruitment, I know that finding trustworthy translators requires time and effort.

Thanks for the remarks, I understand where you are coming from.


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